Deal has ended, view more bank account bonuses by clicking here.
Update 3/3/24: Deal is back and valid until 05/31/24. Hat tip to reader Bockrr
Update 4/23/23: Deal is back through 6/30/23. Hat tip to reader Carl J
Update 8/20/22: Deal is back through 11/30/22.
Update 5/26/22: Extended until 7/31/22.
Update 5/14/22: Deal is back and valid until 5/30/22. Hat tip to Jonathan
Offer at a glance
- Maximum bonus amount: $300
- Availability: Southern Wisconsin and Northeastern Illinois only
- Direct deposit required: Recurring monthly direct deposit of at least $250
- Additional requirements: Enroll in eStatements and use promo code
- Hard/soft pull: Unknown (soft pull according to CSR)
- ChexSystems: Unknown
- Credit card funding: Up To $500 per account
- Monthly fees: None
- Early account termination fee: Six months, bonus forfeit
- Household limit: None
- Household limit: None listed
- Expiration date:
October 31, 2020 5/30/20226/30/23
Contents
The Offer
- Landmark Credit Union is offering a bonus of $300 when you open a new checking account and complete the following requirements:
- Use promo code CA24
- Set up eStatements with a valid e-mail address
- Receive a recurring monthly direct deposit of $250+
The Fine Print
- Offer expires 10/31/20. To receive the $300 cash bonus, use promo code PP0920NEW300 online or bring this to any Landmark location and open any new Landmark Checking Account (“New Account”) with e-statements (valid email address required) and recurring monthly direct deposit (“Qualified Account”). Direct deposit is defined as a minimum of $250 per month in ACH deposits, which may include payroll, pension or government benefit payments.
- Landmark will review your New Account 60 days after opening and deposit the $300 within 45 days of the review if the direct deposit and e-statement requirements have been met.
- Accounts closed within the first 6 months will be charged a $300 penalty.
- $300 will be reported as interest on a 1099-INT.
- Not valid with any other offers.
- One bonus offer available per year per member. Landmark Associates are not eligible.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
None of these accounts have any monthly fee.
Early Account Termination Fee
Account must be kept open for six months or bonus will be forfeit
Our Verdict
Better than the previous $200 checking bonus and no targeted language this time. If it is a soft pull to open then definitely worth doing.
Hat tip to reader Wilsonhammer
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Previous churns, closed checking accounts and kept savings accounts open.
P1
3/4 – checking account opened with CA24 promo code
3/7 – $250 DD via Wise with “Payroll” reference
4/10 – $250 DD via Wise with “Payroll” reference
5/3 – $250 DD via Wise with “Payroll” reference
7/24 – Inquired via Secure Message why I hadn’t yet received the bonus (should have posted by Day 135 which was 7/17). They replied that since my last promotional bonus was received on 8/23/2023, I was not eligible for another bonus yet since it had been less than 1 year. I replied that the terms state “one time per year”, however the terms do not specify “once every 12 months”. One time per year can be interpreted as any point during the calendar year. Since my last bonus was in 2023, that means I should be eligible for another bonus at any point during 2024. If the terms were supposed to enforce a rolling 12-month period, they were not worded to reflect that. They then replied that they escalated the issue to management and the $300 was manually approved.
7/25 – $300 bonus posted
P2
3/5 – checking account opened with CA24 promo code
3/7 – $250 DD via Wise with “Payroll” reference
4/10 – $250 DD via Wise with “Payroll” reference
5/3 – $250 DD via Wise with “Payroll” reference
7/25 – Inquired via Secure Message why I hadn’t received the bonus by 7/18 and they replied that After reviewing your profile you met all the requirements-apologies for the inconvenience. In this case a ticket will be submitted to management in order to ensure this is taken care of for you.
7/26 – $300 bonus posted
It will be interesting to see if they update the language in future offer terms since I brought it up.
do you need to open a savings account also to get the checking bonus? thanks
To make this promo slightly more confusing, there appears to be multiple valid promo codes.
The promo code ED24 was sent to P1 and P2 in an email from Landmark.
The promo code DH24 appears within a popup inside Landmark online banking.
It is my assumption that the different codes track the different marketing campaign avenues for the promotion, but the promotion itself remains the same for them all.
There is also promo code MD24 from physical mailers.
That’s the code I received on my direct-mailed postcard.
Thanks for submitting your application! We’ll be in touch after we’ve completed our review (typically 1-2 business days).
Applied using a cook county address and said I have relatives who work in lake county
Thank you for choosing Landmark Credit Union! Before we can fully open your account, we need to verify your eligibility. Can you please provide the following:
-Family member name who lives in the chartered area with their home address in WI
Dang. I also applied from a cook county address (using relatives option), was automatically declined. CSR said I would have to go into a branch and give the name of an existing credit union member to be able to open.
You ought to be living OR working in Lake County! Since both counties are adjoining, many people do live in one county (i.e. cook) and work in another (i.e. Lake). And that’s valid!
Is CA24 the new code? Anyone can confirm?
MN always missing out on these ‘state specific’ bonuses.
Applied OOS. Put family in county for eligibility. Declined. No reason given. lol/12 for chex
Alliant Credit Union counted as Direct Deposit
This bank is churnable once per calendar year.
P1 & P2 both received the $200 bonus on 2/12/2022 and then closed both checking accounts (kept savings accounts open) in late-Jan/early-Feb 2023.
P1
5/10 – checking account re-opened with promo code L300
5/25 – $250 real DD from Chase ACH Payment Services
6/13 – $250 real DD from Chase ACH Payment Services
8/23 – $300 bonus posted
P2
5/22 – checking account re-opened with promo code L300
5/25 – $250 real DD from Chase ACH Payment Services
6/13 – $250 real DD from Chase ACH Payment Services
8/20 – $300 bonus posted
On 8/22, I inquired why I didn’t receive the bonus on 8/20 like P2 and they said their system showed that I was previously signed up for eStatements and it didn’t track correctly with the new account. They manually posted the bonus the next business day.
So if you are churning, once you open your new checking account you will need to disable and then re-enable eStatements for it to track correctly in their system or the bonus will not automatically post. I believe it worked for P2 because I changed their email address after account opening.